U.S. Government Hearing Reveals Problem with implementation of Corporate Transparency Act (CTA)
Reported by FACT Coalition (Summary version reported below) The House Financial Services Subcommittee on National Security, Illicit Finance, and International Financial Institutions held a hearing regarding the implementation of the Corporate Transparency Act (CTA). The act requires certain entities operating within the U.S. to report their true beneficial owners to FinCEN. Witnesses, including Gary Kalman […]